Banks in the US are under increasing pressure to sever ties with cryptocurrency firms, as unfavorable media scrutiny, public sentiment, and regulatory measures against the industry grow. Not a single ...
Tag: Ties
Solana Keeps on Crumbling Due to FTX Ties
Solana – a crypto that’s otherwise known as SOL to its personal holders – continues to shed value given it’s so tied to the fallen crypto exchange FTX and its disgraced head executive Sam Bankman-Frie...
Allegations of fraud against Compass Mining after company cuts ties with Russian
Compass Mining severed its ties with the Russian hosting provider Bit River and did not return Bitcoin mining gear to its customers. The company claimed the reason for its actions as a non-applicable ...
The deep ties between Binance, Bitzlato, and darknet market Hydra
On Tuesday, Binance was named as one of the three largest counterparties for crypto exchange Bitzlato, in a US Treasury order that prevents any covered financial institution from sending funds to the ...
Nexo probe uncovers possible ties to organized crime
Crypto lender Nexo has been targeted in an investigation into alleged illegal activities, with four Bulgarians charged with money laundering and fraud. Four Bulgarians charged as Nexo is investigated...
BIS suggests containing crypto by shattering ties with TradFi to address the market risks
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto indu...
FTX Empire Ties With VC Firms Under Probe
SBF News: Sam Bankman-Fried, the co-founder and former CEO of FTX, invested over 20 million USD in a venture capital firm, Paradigm, that later bought a stake in FTX, revealed the court filings. As th...
Huobi Korea to become an independent entity, breaking ties with Huobi Global
The Huobi South Korean subsidiary, Huobi Korea, is set to operate as an individual entity after cutting its ties with Huobi Global, according to a report from Korean news outlet News1. Leon Lin, the ...
Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence – Bitcoin News
According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strength...
Huobi Korea moves to sever ties with the mothership: News1
The Huobi crypto exchange’s Korean arm is set to sever ties with Huobi Global and run its own business, according to a report in Korean outlet News1. In doing so, it will negotiate the o...
Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season
Scuderia Ferrari, the racing division of luxury carmaker Ferrari, joined the growing list of Formula One racing teams to end partnerships with their cryptocurrency sponsors. Ferrari exited its multi-y...
Proud Boys ties to pro-crypto political consultant Samuel Armes
A crypto advocate and US politician named Samuel Armes has said he helped form key strategies later outlined in the ‘1776 Returns’ document — a crucial file in the Proud Boys conspiracy case. An inter...
Former FTX CEO Has Deep Ties With Current And Former US Regulators
Ever since the FTX bankruptcy case, new facts about the erstwhile second-largest cryptocurrency exchange emerge almost every day. Recently, an email reportedly revealed that the former FTX CEO Sam Ban...
Adidas scrambling to sell $530 million in Yeezys after cutting ties with Ye, report says
Nearly two months after terminating its relationship with Kanye West, sportswear giant Adidas is trying to figure out how to sell $530 million worth of Yeezys, according to a report from the Financial...
League of Legends’ Developer Wants to Cut All Ties With FTX (Report)
Riot Games – an American company famous for developing the video game League of Legends – reportedly filed a motion to end its collaboration with FTX. The collapsed crypto platform has caused “reputa...
Institutional Custody Provider With Close Ripple Ties To Support Flare Token
– Advertisement – Standard Custody will support FLR tokens. Standard Custody, a subsidiary of Polysign, which provides institutional custody services for digital assets, will support FLa...
Solana Struggles to Remain in the Top 20 as Prior Ties to FTX and Alameda Wounded the Project – Market Updates Bitcoin News
Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days. Since FTX’s fallout, the digi...
OECD concerned about crypto’s close ties with traditional finance
The Organization for Economic Cooperation and Development (OECD), in a Dec. 14 whitepaper titled “Lessons from crypto winter”, raised concerns about the increasing ties between crypto companies and tr...
U.S. Senator Claims Binance Has Ties to Chinese Government
Alex Dovbnya Senator Bill Hagerty (R-TN) claims that Binance has ties to the Chinese Communist Party During an FTX-focused hearing held by the Senate Banking Committee, Senator Bill Hagerty (R-TN) sai...
The Block CEO Resigns After Ties With FTX Come To Light
The crypto market is struggling to get out of a bearish period mainly caused by the collapse of FTX. Yet, the infamous crypto exchange continues to bring down companies and prominent crypto personalit...
US lawmakers question federal regulators on banks’ ties to crypto firms
Two members of the United States Senate have called on the heads of federal financial regulators to address “ties between the banking industry and cryptocurrency firms” in the wake of FTX’s collapse. ...
Senator Warren Wants the Fed to Answer for Banking Sector’s Ties to FTX
U.S. lawmakers have penned a letter pressing Federal Reserve Chairman Jerome Powell for information on American banks’ ties to crypto following the collapse of FTX. In a Wednesday letter, Democrat se...
Warren Calls To Inspect Banks’ Ties With Crypto After FTX Crash
FTX Crash Updates: Global regulators have been calling to implement strict laws over the cryptocurrency industry in order to safeguard investors from fraud and scams. The collapses of digital assets l...
What’s up with crypto exchange Gemini and its ties to FTX?
Genesis Trading and its parent company Digital Currency Group (DCG) owe over $900 million to Gemini Earn, as the contagion from FTX’s rapid collapse continues to spread. Gemini’s billionaire founders,...
US lawmakers request answers from Silvergate over ties to FTX: Report
Three members of the United States Senate have penned a letter to Silvergate Bank demanding answers about the bank’s role in the loss of billions of customer dollars in the collapse of FTX. According ...
El Salvador Says It Has No Ties to FTX
A rumor was swirling around online that the nation of El Salvador in Central America had tons of bitcoin locked away in the FTX exchange, which has now filed for chapter 11 bankruptcy. However, many i...
Maple Finance ends ties with Orthogonal Trading over loan default
Maple Finance has cut ties with trading company Orthogonal over failure to repay due debts Nexus Finance also took a hit as a result of the failure of Orthogonal to repay its due debt One of the bigge...